Can a US owner of a CFC holding company selling company pay taxes from sale as capital gains or is it income?
It’s a capital gain or loss. ……………..
Houston, TX
Tax Lawyer at Houston, TX
Practice Areas: Tax, Business
It’s a capital gain or loss. ……………..
Generally yes. https://www.irs.gov/publications/p907#:~:text=in%20your%20income.-,Disability%20Pensions,you%20reach%20minimum%20retirement%20age.
You can file a criminal complaint for theft, terroristic threat and threatening a witness. You’d probably need your “friend’s” eyewitness testimony...
Report them to your state workforce commission or equivalent agency and if they are a chain to the DOL and IRS. Try to quantify what they should...
Yes to both your Qs. She gets a stepped up basis on his half and it’s good until she sells it or dies when the basis on 100% steps up.
Yes if you want to avoid a judgment on your credit history, a chance to win based on their possibly defective evidence and to negotiate the maximum...
They can assess the tax without deducting your adjusted basis and add a big penalty and enforce it against you in any state. They could...
No but it could lower your taxes this year or in the future.
I wouldn’t count on legally reentering without a currently valid passport. Whether Uganda will admit you is a good question for an Ugandan...
This is more like your giving your card (POA) to a criminal and claiming you didn’t expect her to use it than incurring unauthorized charges with...